Tillson, New York Property Taxes
The median property tax rate in Tillson, NY is 2.81%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Tillson at $291,892, the typical annual property tax bill reaches $8,090, significantly exceeding the national median of $2,690. Property taxes in Tillson are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Tillson's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Tillson or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tillson, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.81%
Estimate Property Tax Bill
$8,202
$8,110
Ownwell’s Tillson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tillson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tillson to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Tillson, New York
Property taxes in Tillson, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tillson is 2.81%, significantly higher than the U.S. national median of 0.99%. Local government entities within Tillson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tillson estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Tillson's effective property tax rate to other areas in Ulster County and the national median. For comparison, the 12486 zip code has the highest median property tax rate of 2.81%, while the same zip code also has the lowest median tax rate of 2.81%. Understanding how these cities compare with Tillson provides valuable insights into the varying tax landscape across Ulster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tillson Tax Rate
2.81%
Average Ulster County Tax Rate
2.67%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tillson, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12486 | 2.64% | 2.81% | 2.81% | 2.81% | 2.81% |
Source: Ownwell
Property Tax Assessment Values Across Tillson, New York
In Tillson, NY, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Ulster County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Tillson, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Tillson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 12486 has the highest and lowest median tax bill, each at $8,090.
Average Tillson Assessed Value
$291,892
Average Ulster County Assessed Value
$268,649
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tillson, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12486 | $199,378 | $256,757 | $291,892 | $329,865 | $376,541 |
Source: Ownwell
Property Tax Bills Across Tillson, New York
In Tillson, located in Ulster County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and is intended to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence this calculation, including property size, location, and any improvements made to the property. Homeowners in Tillson experience varying tax bills, with the 25th percentile at $6,901 and the 75th percentile reaching $9,076. For those at the 90th percentile, tax bills can be as high as $10,513. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Comparatively, Tillson's property tax rates are significantly higher than the national median property tax rate of 0.99%, impacting homeowners' annual financial planning.
Average Tillson Tax Bill
$8,090
Average Ulster County Tax Bill
$6,879
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Tillson, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12486 | $4,791 | $6,901 | $8,090 | $9,076 | $10,513 |
Source: Ownwell